Payment notices help you accurately file and avoid return processing delays
Did you receive a 2021 stimulus or advance Child Tax Credit payment? If your answer is yes, you’ll want to be on the look-out for one or both of these letters this tax season.
- Advance Child Tax Credit payment recipients: look for IRS Letter 6419. Review details in our IRS Letter 6419 article.
- Stimulus (Economic Income Payments) recipients: look for IRS Letter 6475. Review details in our IRS Letter 6475 article.
Why are the letters so important? You need the letters to report the correct amount of your payments, which can help you avoid lengthy return processing delays.
Ready to file but don’t have your letter? Check out the articles linked above for alternatives to using your letters.
What triggers the IRS to audit a tax return? Learn how common tax mistakes and errors can be a red flag and affect your chances of being audited by the IRS.
Find the current percentages for federal income tax rates, capital gains tax rates, Social Security tax rates and more from the tax experts at H&R Block.
The key to understanding your w-2 form is decoding the boxes and numbers. Learn how to read your w-2 form with this box-by-box infographic from H&R Block.
The tax experts at H&R Block outline how students and parents can file Form 8863 and document qualified expenses. Read about Form 8863 here.